China News Daily TheBitTimes.com

The crypto Travel Rule, which came into effect on Sept. 1, aims to stop anti-money laundering and counter-terrorist financing activities carried out on-chain. Cryptoasset businesses in the United Kingdom could now begin withholding certain crypto transfers to comply with the new Travel Rule for crypto that came into effect on Sept. 1. The rules targeting virtual asset service providers were first introduced by the Financial Conduct Authority on Aug. 17, and see to it that VASPs based in the U.K. will “collect, verify and share information” relating to crypto -asset transfers . If an inbound payment is received from a person or entity from an overseas jurisdiction that hasn’t implemented the Travel Rule, the VASP must make a “risk-based assessment” as to “whether to make the cryptoassets available to the beneficiary.” The Travel Rule is designed to bring greater transparency to cryptoasset transfers, making it harder for criminals to use #crypto for illegal activity.https://t.co/km...

Long-term Bitcoin (BTC) holders are accumulating more coins, reading from the decreasing balances on top exchange s. On Aug. 31, data from Glassnode, a blockchain Analysis firm, reveals that the amount of “HODLed” or lost coins was at a five -year peak at 7.841 million BTC, or $213 billion. #Bitcoin $BTC Amount of HODLed or Lost Coins just reached a 5-year high of 7,840,723.861 BTC View metric:https://t.co/dJK8rxBVD3 pic.twitter.com/8Ga8nVvK7m — glassnode alerts (@glassnodealerts) August 31, 2023 The count of HODLed or lost coins involves tracking Bitcoin balances that have remained untouched for an extended period. This calculation involves subtracting the “liveliness” from one and then multiplying the result by the current circulating supply of Bitcoin. The metric takes into account coins held long-term and those stored in older addresses, accumulated during times when Bitcoin was relatively cheaper. Over time, the disregard for private keys has...

Bitcoin’s (BTC) price , was quite bullish today but was still below the $30,000 threshold at $27,255.75,  and up by around 0.25% in the last hour. Other well-known altcoins, Cardano (ADA), Solana (SOL), and Polkadot (DOT) experienced losses on the other side of the border. advertisement Ethereum is trading at $1,701.73, with almost 1% decrease in the last 24 hours. Among other prominent cryptocurrencies, the XRP coin price observed a loss of 1.02%. Solana also faced losses, with its price decreasing by 4.39%. On the other hand, Polygon (MATIC), which traded on red lines a few days back, is again down by 0.77%  since the last day.   Polkadot coin price saw a decrease of almost 2.32% in one day.  The realm of meme cryptocurrencies tells a different story. In the past 24 hours, Dogecoin’s price witnessed an increase of around 0.12%, while Shiba Inu’s token price is however, down by almost 1.57%, in the last 24 hours. Th...

Bloomberg ETF analysts raised their odds for a spot Bitcoin ETF approval after the recent Grayscale victory against the SEC. Bloomberg analysts have raised the probability for an approved spot Bitcoin exchange-traded fund (ETF) by the end of 2023, following a recent Grayscale victory against the federal securities regulator. In a Aug. 30 post on X (Twitter), Bloomberg senior ETF analyst Eric Balchunas said they have raised the chances to 75% from an earlier 65% — due to the unanimity and decisiveness at which the United States Court of Appeals Circuit reached its decision in the recent case. “The judges unanimously repudiated the SEC’s arguments, and the agency will struggle to justify further denials as it faces deadlines,” Bloomberg analysts James Seyffart and Elliot Stein added in a separate Aug. 30 note. NEW: @JSeyff & I are upping our odds to 75% of spot bitcoin ETFs launching this yr (95% by end of '24). While we factored Grayscale win into our prev 65% odds, the una...

Shiba Inu has evolved to become a prominent meme coin. The developers of Shiba Inu have been working on building new utilities and Features for the project’s community. One of their major technical initiatives has been the development of Shibarium , which is intended to be a layer-2 scaling solution for the Shiba Inu network. Shibarium aims to improve transaction speeds and reduce fees through layer-2 technology. Also read: Cardano’s Hoskinson Makes Jaw-Dropping Discovery That Could Unlock Alien Life Secrets The launch of Shibarium represents a major milestone for the Shiba Inu developers as they continue building out the project’s technological capabilities. Shiba Inu has seen a notable spike in large transactions of over $100,000 in the past two days. According to blockchain data provider IntoTheBlock, these transactions have surged over 700% since Monday. Shiba Inu records movement of trillions of SHIB Specifically, IntoTheBlock recorded $17.3...

Ripple attorneys are preparing to challenge the SEC’s interlocutory appeal. SEC’s court filings indicate Ripple (XRP) was created as an asset with no intrinsic value. Pro-XRP lawyers have questioned the appeal’s court filings for referring to XRP as an asset with no intrinsic value. Ripple lawyers have revealed they are already preparing to battle the U.S. Securities and Exchange Commission’s (SEC) Interlocutory appeal against Judge Analisa Torres’s ruling that the XRP token isn’t a security. Pro-XRP attorney John Deaton advised the SEC to read the Howey Test again and understand its implementation in the evaluation of securities. Maybe the SEC should read Howey again: “The test is whether the scheme involves an investment of money in a common enterprise with profits to come solely from the efforts of others. If that test be satisfied, it is immaterial whether the enterprise is speculative or… pic.twitter.com/qr1yqyhLRo — John E Deaton (@JohnEDeaton...

ASIC, Australia’s financial watchdog, has announced a new four-year plan prioritizing consumer protection against digital scams, including cryptocurrency-related frauds. ASIC, the Australian Securities and Investments Commission, has unveiled a new four-year strategy aimed at shielding consumers and businesses from digital scams, including those involving cryptocurrencies. Chair Joe Longo indicated that while ASIC has made strides since outlining its priorities last year, there’s ongoing work. The regulator is adapting to shifts in sustainable finance, the digital economy, and the challenges an aging population poses. You might also like: ASIC releases the top 10 ways to spot a crypto scam Longo also mentioned that ASIC closely monitors how emerging technologies like AI could impact businesses and consumers. Australia has been generally favorable toward digital currencies. The country has both embraced and regulated cryptocurrencies, most notably by exempt...

As per the PoW Floor pricing model, the BTC price can further drop by another 40% and under $15,000 levels, reports popular crypto journalist Ali Martinez. As per historical patterns, this would mark the end of bearish trends. Not necessary that the BTC price would drop to the $14,800 level as Bitcoin has very strong support at $20,900. advertisement #Bitcoin | In previous cycles, $BTC has reached the PoW Floor Pricing Model to mark the end of a bearish trend. This level currently sits at $14,800, with strong support looming at $20,900. pic.twitter.com/XZdZ6amgOD — Ali (@ali_charts) August 28, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Trading Bots List 2023 Must Read ...

This gathering is in honor of Ripple Labs’ recent legal victory against the U.S. Securities and Exchange Commission (SEC) and is set to be a momentous occasion for the company and the broader crypto community. advertisement Ripple Labs Journey of Resilience Brad Garlinghouse’s tweet not only celebrates Ripple Labs’ achievement but also acknowledges the company’s difficult road in the face of regulatory difficulties. The legal battle against the SEC spanned several years and was a pivotal moment for Ripple , shaping the direction of its future endeavors and the broader crypto landscape. The tweet reads, “As promised – it’s time for that proper victory party. The last few years have been quite the journey, and I look forward to sharing a celebratory toast on September 29 in NYC!”  As promised – it’s time for that proper victory party. Recommended Articles ...

Author | AMBERBELLA Compilation | Wu Blockchain This article is based on a discussion about Friend.Tech conducted at 21:00 GMT+8 on 8/23 in Twitter Space, WuBlockchain has compiled part of the content.The original link is: AmberBella’s Substack Friend.Tech 圆桌总结 Space 链接： https://twitter.com/0xAmberBella/status/1693978982902100004?s=20 写在前面 Friend.Tech 无疑是 Web3 的一个现象级产品，提供了不论是创作者经济、defi 方向一些新的范式和灵感。 特别是在本次讨论中所提到的关于 Token 发行的视角，且不说是否属实，是非常有意思的视角，不论是对看待这款产品带来的 Token 发行普及化所可能带来的法律碰撞，还是 defi 产品激励机制的设计，都有一定的启发意义。… Read more 4 days ago · AmberBella Preface Friend.Tech is undoubtedly a phenomenal product in the Web3, offering new paradigms and inspirations for the creator economy, defi (decentralized finance), etc. Especially in this discussion, the perspective on Token issuance that was brought up is quite interesting. Whether or not it’s true, it’s a fascinating viewpoint, both in terms of the potential legal clashes that the widespread issuance of Tokens brought by this product may cause an...

The USD Coin (USDC) market cap is currently at a two -year low, with analysts saying it’s yet to fully recover after depegging earlier in the year. Data from CoinGecko shows that USDC has a market value just north of $26 billion — its lowest level since July 2021, when it stood at $25.1 billion. The stablecoin is still the sixth largest cryptocurrency by market capitalization, but it has fallen further away, in terms of dominance, from its biggest competitor, Tether (USDT), which is currently valued at $82.7 billion. Only a year ago, USDC had a market cap of $56 billion as it consolidated its position as the second-biggest stablecoin. However, in March 2023, amid a regional banking crisis that caused the collapse of Silicon Valley Bank (SVB), USDC briefly lost its dollar peg following revelations that Circle had kept more than $3 billion of its reserves at SVB. Some cryptocurrency market observers think that the decline in USDC may have also been a result of rising interest ra...

Pepe Coin Team Gives Clarification For Transparency The unexpected transfer of tokens and reduction in signer count has thrown the PEPE community into disarray. The official PEPE Twitter account, in a bid to provide transparency, revealed that the stolen tokens were once part of the CEX wallet. This wallet was never intended for market sales or personal profit by the team, the team clarified. advertisement The episode reveals the internal tension that PEPE has had from its inception, characterized by disagreements and team member conflicts. Within the first week of the project’s introduction, a chunk of the team, including team members with large egos and avarice, had separated themselves from it. They slowed down the process by refusing to sign, arguing, and going unresponsive for protracted periods. The crisis reached a peak as three former team members resurfaced to orchestrate the theft of 16 Trillion tokens, constituting 60% of the multisig’s tota...